Tassi Khan (Engineer) (30 Points)
30 March 2009
Juzer Sadikot
(CA - innovative solutions for Imports and Exports)
(1309 Points)
Replied 30 March 2009
Disclosure for transaction of immovable property exceeding 30 lacs in a fin year is covered under AIR information of ITRs.
You can revise your return of Income provided it is filed within due date as prescribed u/s. 139
Regards
Tassi Khan
(Engineer)
(30 Points)
Replied 02 April 2009
Thanks for the replies :). If I have understood correctly then only notification of property transactions above 30 Lacs are mandatory. If not then how can one rectify now property bought in 1995 worth Rs 1 Lac.
Regards
CAclubindia
